Gold prices stabilize at a three-month low, market focuses on liquidity sell-off

Gold prices have stabilized near a three-month low, with spot gold prices hovering around $4,020 per ounce. Global X ETFs analyst Justin Lin stated that gold may recently face liquidity-driven selling, as market expectations for further interest rate hikes by the Federal Reserve have cooled, which should provide support for gold prices in the short term.

Despite facing downward pressure, gold prices may see a V-shaped rebound.